Artificial Intelligence Technology Solutions Inc (AITX)

[Monte_Cristo]

I did read the filing closely. The Board's approval (under the first proposal, being the R/S) doesn't need consent from the majority of holders of the company's outstanding capital stock which is affirmed by the Articles of Incorporation. I don't know why it refers to the majority voteholders' consent in the filings at the end of the first proposal. But, look under the "General" heading under the first proposal; it only states that the BOD approved the resolution for the R/S. For the second proposal, being the name change, both the BOD and the holders of the majority of the outstanding voting capital stock of the company approved the resolution. Some resolutions need majority approval, some don't. I suspect Steve may have had an inkling about the R/S, but I'm not entirely convinced he knew exactly what it was. GP could have told him sign these consents for a name change and a share structure change (but the share structure doesn't objectively affect anyone's value ... although subjectively it obviously does). Either way, yes, SR should know better and know how these things work as a majority shareholder. Although he's got a ton of shares with the conversion rates (of preferred to common), his shares still get devalued just as much as the rest of us common stockholders.

Most important thing to watch now is how aggressive dilution is going to be.